Home / India News / 9 years on, Jan-Dhan helps govt seal leaks and purge bogus accounts

9 years on, Jan-Dhan helps govt seal leaks and purge bogus accounts

About 6.26 PMJDY account holders receives DBT

Premium

Pradhan Mantri Jan-Dhan Yojana

Nikesh Singh Shrimi Choudhary New Delhi

4 min read Last Updated : Aug 27 2023 | 10:17 PM IST

Listen to This Article

About 62.6 million holders of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts have received direct benefits as the scheme completes its ninth year. This has helped the Centre plug leaks, weed out fake accounts, and target genuine beneficiaries of government schemes.

Over the years, Jan-Dhan accounts have become fundamental to the JAM trinity (linking Jan-Dhan Yojana, Aadhaar, and mobile numbers), allowing benefits to be transferred directly to verified bank accounts of identified beneficiaries in a much more transparent manner.

“The JAM trinity has led to the removal of duplicate or fake beneficiaries and the plugging of leaks, resulting in cumulative savings of

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in